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U.S. Treasury yields edge lower as Fed policy support holds off reflation trade

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U.S. Treasury yields slipped for a third day early Thursday after Federal Reserve chair Jerome Powell on Wednesday confirmed the central bank would do everything to support the economy through the coronavirus pandemic and other officials suggested the timetable for a tapering of asset purchases and interest rate hikes is unlikely to be dragged forward.

What are Treasurys doing?

The 10-year Treasury note yield
TMUBMUSD10Y,
1.140%

fell 1.4 basis points to 1.138%, while the 2-year note rate
TMUBMUSD02Y,
0.113%

was unchanged at 0.111%. The 30-year bond yield
TMUBMUSD30Y,
1.912%

slid 1.5 basis points to 1.909%.



Source marketwatch.com

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